Reinsurance News
Marsh news
News about Marsh, one of the world’s leading insurance brokers and part of the Marsh & McLennan group of companies.
News on Marsh’s activities in insurance markets, as a broker, originator, adviser and structurer of risk transfer transactions.
Marsh is also associated with reinsurance broker Guy Carpenter, another member of the Marsh & McLennan group.
Beazley to offer additional capacity to ESG compliant clients
28th June 2022
Marsh has announced that specialist insurer Beazley is to offer global access to additional capacity to clients that opt in to its Environmental, Social, and Governance (ESG) Risk Rating. Launched in March, Marsh’s ESG Risk Rating is an assessment tool that can measure an organisation’s ESG performance, ... Read the full article
Cyber insurance pricing rises amidst multiple factors – Marsh
14th June 2022
The latest UK Cyber Insurance Trends Report from Marsh states that pricing in the sector rose quickly in Q3 and Q4 2021, while the market focuses on addressing systemic risk. However, Marsh said that efforts to tackle this through exclusionary language have caused frustration for clients, while the ongoing war that ... Read the full article
Marsh appoints Andrew Fiscella and John Umbach as SPAC co-leaders
13th June 2022
Marsh has appointed Andrew Fiscella and John Umbach as SPAC co-leaders within its US financial and professional liability practice, effective immediately. In this dual leadership role, Fiscella and Umbach will be responsible for leading a team of risk specialists in helping SPAC clients identify risks, customise programs, and secure directors and ... Read the full article
Cyber risk confidence stagnating, says new Marsh report
30th May 2022
Confidence in being able to manage cyber risk has not improved in the last two years, according to a new report from Marsh. The report, The State of Cyber Resilience, questioned over 660 cyber risk decision makers globally and analyses how cyber risk is viewed by various functions and executives ... Read the full article
Apollo claims European first for autonomous vehicle insurance
27th May 2022
Apollo Group has provided a first of its kind insurance solution for Europe’s first zero-occupancy on-road autonomous vehicle journey, completed by autonomous vehicle software company, Oxbotica. This marks not only a European first for Oxford and Toronto based Oxbotica, but also a first of its kind UK insurance solution created specifically ... Read the full article
Marsh names Global Political Risk & Structured Credit Leader
24th May 2022
Re/insurance broker Marsh has announced the appointment of Rob Perry as Global Political Risk & Structured Credit Leader, Marsh Specialty, effective July 1. Based in London, he will oversee the development of Marsh Specialty’s political risk and structured credit capabilities globally, reporting to Nick Robson, Global Leader, Credit Specialties, Marsh Specialty. Perry ... Read the full article
“Demand for untapped minerals could fuel geopolitical tensions” – Marsh
23rd May 2022
A new report from Marsh says that rising competition for untapped mineral resources could fuel geopolitical tensions. The firm, in its 2022 Political Risk Report, says that while land borders between countries remain key delineators of political risk, competition for ocean territory, minerals, and space will increasingly influence interstate relations. Marsh said ... Read the full article
Marsh launches renewable energy facility for solar & BESS risks
5th May 2022
Re/insurance broker Marsh has announced the launch of a new renewable energy facility that provides dedicated insurance capacity for mid-scale solar and battery energy storage system (BESS) risks in the US and Canada. Marsh notes that renewable energy companies have been challenged to find enough capacity for smaller standalone solar and ... Read the full article
Commercial insurance prices increased 11% in Q1 2022: Marsh
28th April 2022
Marsh’s latest Global Insurance Market Index shows that commercial insurance prices around the world increased 11% in Q1 2022. Amongst its findings, the survey found that cyber insurance rates continued to rise driven largely by the continued increase in the frequency and severity of ransomware claims with many insurers seeking to ... Read the full article
Guy Carpenter’s revenue jumps 11% in the first-quarter of 2022
21st April 2022
Marsh McLennan's (MMC) reinsurance broking arm, Guy Carpenter, has reported an 11% rise in underlying revenue in the first-quarter of 2022 to $999 million, as its parent reports consolidated revenue of $5.5 billion for the period. Revenue growth at Guy Carpenter supported total Q1 2022 revenue of $3.5 billion within MMC's ... Read the full article
Marsh reports fall in property damage losses in global hydrocarbon sector
19th April 2022
A new report from Marsh says that the global hydrocarbon extraction, transport, and processing industry experienced a significant reduction in major property damage losses during 2020-2021. The broker’s report, 100 Largest Losses in the Hydrocarbon Industry, says that this was due in part to the Covid pandemic, alongside ‘well-executed business continuity ... Read the full article
Marsh develops new analytics solution for property risks
8th April 2022
Insurance broker and risk advisor Marsh has announced the launch of a new property analytics solution that aims to digitalise the manual processes involved in managing property risks. The new solution, part of Marsh’s Blue digital analytics suite, digitizes clients’ primary risk data, including construction, occupancy, protection, and exposure data. It then ... Read the full article
Marsh Specialty promotes Craig Schioppo to Global Head of Transactional Risk
7th April 2022
Insurance and reinsurance broker Marsh has appointed Craig Schioppo, who is currently Transactional Risk Practice Leader, US and Canada, as the new Global Head of Transactional Risk, Marsh Specialty. In this newly created position, Schioppo will oversee a global team of specialists responsible for the delivery of transactional risk insurance solutions, ... Read the full article
Marsh launches ESG risk assessment tool
22nd March 2022
Insurance and reinsurance broker Marsh has launched its Environmental, Social, and Governance (ESG) Risk Rating, an assessment tool that can measure an organisation’s ESG performance, enabling them to improve their ESG risks, and gain access to additional insurance market capacity. The rating tool can assess against more than 10 internationally recognised ... Read the full article
Marsh adjusts senior leadership in UK and Ireland
16th March 2022
Insurance and reinsurance broker Marsh has made two changes to its UK senior leadership. According to the broker, Simon Delchar has been appointed head of placement, while Clarissa Franks has been given the role of placement leader for the risk management, corporate, and commercial businesses. Both roles are centred around the ... Read the full article